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Libra Group completes S$12m acquisition for 51% stake in YC Capital

SINGAPORE (March 28): Libra Group has completed the S$12 million acquisition of a 51%-stake in a Malaysia-based tourism and retail-related business as part of its new asset-light growth diversification strategy.

Apart from offering travel and tour agency services in Malaysia, YC Capital also retails luxury items, local herbal products, local delicacies such as bird’s nest, coffee, chocolates and mattresses... (Click here to read the full story.)